Newsflash: Founders Don't Really Care About AngelGate

jpwagner wrote: post #2

if there's something awry, it affects potential founders a great deal. it's not analogous to politicians talking about the economy.

I think it's a sign for founders to look a bit further afield, given the relatively small chunk of the entire angel funding scene these guys control there is no chance a smart founder is going to get lowballed on valuation everywhere they go.

Not saying that these investors are actually participating in this kind of thing but even if they were I don't see how a smart founder who weighs up all the options would get caught out.

Re: Newsflash: Founders Don't Really Care About AngelGate

#5

Post by Sthorpe » Mon, Sep 27, 2010, 4:48 PM UTC

So writing this and posting it means you do care.....just sayin.

Re: Newsflash: Founders Don't Really Care About AngelGate

#6

Post by mahmud » Mon, Sep 27, 2010, 4:49 PM UTC

Sthorpe wrote: post #5

So writing this and posting it means you do care.....just sayin.

And comparing bickering "angels" to parents ..

Re: Newsflash: Founders Don't Really Care About AngelGate

#7

Post by edw519 » Mon, Sep 27, 2010, 4:54 PM UTC

Argue all you want about valuations, deal structures, terms, business plans, power, and money, but no one earns anything unless we hackers write something. Thanks for the show, guys. Now back to work.

[EDIT: Changed "until" to "unless" to sidestep the silly debate over the sequence that things happen. We hackers still have to make something. The process of doing that can sometimes become monotonous, so we often appreciate a good soap opera. But, sooner or later, we have to get back to work. I know I have.]

Re: Newsflash: Founders Don't Really Care About AngelGate

#8

Post by napierzaza » Mon, Sep 27, 2010, 4:55 PM UTC

Why wouldn't they? It's something that might make startups go with YC or someplace that is not affiliated with Angel-gate. Seems like it would indeed affect how people behave or think.

Re: Newsflash: Founders Don't Really Care About AngelGate

#9

Post by melvinram » Mon, Sep 27, 2010, 5:01 PM UTC

edw519 wrote: post #7

Argue all you want about valuations, deal structures, terms, business plans, power, and money, but no one earns anything unless we hackers write something . Thanks for the show, guys. Now back to work. [EDIT: Changed "until" to "unless" to sidestep the silly debate over the sequence that things happen. We hackers still have to make something. The process of doing that can sometimes become monotonous, so we often appr…

Actually, no one earns anything until the customer writes a check or pulls out their credit card.

Re: Newsflash: Founders Don't Really Care About AngelGate

#10

Post by aberman » Mon, Sep 27, 2010, 5:01 PM UTC

napierzaza wrote: post #8

Why wouldn't they? It's something that might make startups go with YC or someplace that is not affiliated with Angel-gate. Seems like it would indeed affect how people behave or think.

Do you really think this drama is going to push founders into the hands of YC RATHER than Ron Conway, Chris Sacca, SV Angel, Dave McClure, Mike Maples etc? Especially when most YC companies end up raising from these guys after YC anyways? Honest Question...